Bharatiya Mazdoor Sangh (BMS) sent eight proposals to curb the price increase to Union Finance Minister Nirmali Sitharaman, including the retention of goods such as edible oil, oilseeds, cereals, legumes, onions and potatoes under Section 3 (1) of the Basic Products Act.
In a resolution adopted at the meeting of the national executive board, BMS said that the inflation of basic products is causing a serious crisis for consumers.
Stating that the inflation rate exceeded six percent, he asked the Center to review the withdrawal of essential products such as edible oil, oilseeds, cereals, legumes, onions and potatoes from the scope of Section 3 (1) of the Basic Products Act.
‘Black market concerns’
“Perhaps the intention was to help farmers, but it negatively affects the common man. The frightening days of a sharp rise in the prices of basic goods, hoarding, and black marketing that the government has curbed for five decades may return. Inflation of food items also complicates the lives of workers. The prices of edible oils are rising in the name of increasing international prices, ”the resolution reads, a copy of which is being sent to Sitharaman along with the letter. BMS called on the Center and state governments to enact a law requiring manufacturers to report and display the production costs of each item along with the applicable GST.
“Restrain the increase in the prices of basic goods and petroleum products. Abolish the system of increasing the prices of petroleum products every day and bring Petroleum Products under the GST Law “, asked BMS.
He asked the Center to stop profiting companies and individuals under the guise of increasing international prices of metals and other accessories, and to call those responsible for the Law on Basic Products. “Take steps to increase food production by paying compensatory prices to farmers,” it said, and asked the Center to formulate a long-term policy to reduce food prices.
“Take steps to offset inflation to workers by increasing their benefits in both the public and private sectors and strictly implement price control orders under the Basic Products Act,” they demanded.